Total Value Locked in DeFi Hits New ATH of $4B

Cointelegraph

Published Aug 01, 2020 02:03AM ET

Updated Aug 01, 2020 03:40AM ET

The Decentralized Finance, or DeFi, industry continues its massive growth trajectory as the total value locked in the DeFi markets hits $4B, according to data from major industry website DefiPulse.com.

DeFi markets refer to the use of blockchain, digital assets, and smart contracts in financial services like credit and lending to provide financial services without a need for a centralized authority.

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